Afrin Dia, India Max Investment buy Gayatri Projects shares via QIP

NEW DELHI: Foreign institutional investors Afrin Dia and India Max Investment Fund have picked up 9.32 per cent and 7.97 per cent respectively in Gayatri Projects through a Qualified Institutional Investment (QIP) offering.

The company, in two separate filings in BSE today, said Afrin Dia has acquired 28,20,000 crore shares or 9.32 per cent stake and India Max Investment Fund 23,57,000 shares amounting to 7.97 per cent by subscribing to the company's QIP.